The euro slipped below $1.14, touching its weakest point in a month, as investors continued to monitor developments in the Middle East while the dollar found support from lingering expectations that the Federal Reserve could still raise interest rates on Wednesday. Although a pause in US attacks on Iran pushed oil prices lower and eased inflation concerns, US Treasury yields retreated only modestly, reflecting continued caution. In Europe, money markets slightly pared expectations for additional ECB tightening but still price in nearly two 25 bp rate hikes by March 2027. ECB policymaker Peter Kazimir said at least one more rate increase will likely be needed to curb inflation, adding that a weaker economic outlook could justify even more tightening than markets currently anticipate, while Chief Economist Philip Lane said the current inflation shock remains moderate, supporting further policy tightening. Investors now await fresh inflation data later this week for further policy clues.
The EUR/USD exchange rate fell to 1.1367 on July 28, 2026, down 0.01% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has weakened 0.48%, and is down by 1.59% over the last 12 months. Historically, the Euro US Dollar Exchange Rate - EUR/USD reached an all time high of 1.87 in July of 1973.The euro was only introduced as a currency on the first of January of 1999. However, synthetic historical prices going back much further can be modeled if we consider a weighted average of the previous currencies. Euro US Dollar Exchange Rate - EUR/USD - data, forecasts, historical chart - was last updated on July 28 of 2026.
The EUR/USD exchange rate fell to 1.1367 on July 28, 2026, down 0.01% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has weakened 0.48%, and is down by 1.59% over the last 12 months. The Euro US Dollar Exchange Rate - EUR/USD is expected to trade at 1.14 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.16 in 12 months time.